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Plex price manipulation, plex up 20 million in less than 24 hours.

First post
Author
Dinsdale Pirannha
Pirannha Corp
#81 - 2014-03-12 01:51:08 UTC
Prices are going to top 1 billion.
This idiotic skins program has not even started, it is only a pilot program, and we already have wild speculation on the plex market.

Now, this is only one of the factors that are driving prices to insane levels.
But it is now a systemic driver if CCP actually continues with "ISK for skins", and ramps up the program.

We also have the one-time spike of more narcissists spending plex to get their words of wisdom buried under a statue for a few decades.

And lastly, and the biggest one, is that cfc, pl, and their renters are now in total ISK grind more. They are creating more null sec ISK than ever seen before in the game, with 75% of sov null blue to one another. These people will not be needing to dump a plex on the market, but are instead drowning in ISK. What they can't spend on skins, or in other real life methods, they are using to plex all their accounts. When cfc and pl are not deployed, they don't have much else to do but to make ISK. That is driving plex demand through the roof, and at the same time driving down supply.

Put it all together, and you have a real mess on your hands for the casual player that tries to grind enough ISK every month for a plex or 2.
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#82 - 2014-03-12 02:06:48 UTC
Malcanis wrote:
Caviar Liberta wrote:
Knights Armament wrote:
Icarus Able wrote:
Its more expensive on weekends because more people are online?

Possibly, but someone is buying up most of the plex and relisting, driving prices up. I thought CCP flooded the market with plex to prevent this type of behavior? What is to stop large alliances from using their vast income to buy up all the plex?


CCP doesn't inject plexes into the game. The number of plex is dependent on how many people buy plex from CCP.


CCP have confirmed that they've used ISK and PLEX confiscated from banned accounts to stabilise the PLEX market in the past.

Wouldn't those still be PLEX that were bought at one point? I get that it is PLEX that would have otherwise been forever lost, but it's still time that has been paid for.
Vance Armistice
Republic Military School
Minmatar Republic
#83 - 2014-03-12 02:10:03 UTC
Knights Armament wrote:
Jurou Yuan wrote:
Knights Armament wrote:
I just don't see the point in allowing plex prices to climb un-regulated, your average 2 month old character isn't going to spend 2.5 billion on a plex.


They can just pay with money then. Paying with plex is a option not a right.


You're right paying with money might be cheaper in the long run, it would also probably be cheaper to just uninstall the game and play something else. Roll


Perhaps if you can make yourself seem like a victim of some sort then CCP can be lobbied into making the wealthier players in Eve subsidize your game play...after all how the hell is it your fault that you are not successful enough in life to make enough money to play this game?!?

Personally, I think Chribba has been conspiring to keep you down Roll
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#84 - 2014-03-12 02:14:46 UTC
Tetsuo Tsukaya wrote:
Malcanis wrote:

Those "millions" don't disappear. Indeed, most PLEX originate from time-poor, cash rich players who want to PVP, but lack the time to fund their habit through normal in-game means. I'd say that PLEX increase PvP.


"I would do way more PVP if only I didn't have to spend so much of my ISK I made trading/mining/running a research POS to plex my account" - said nobody ever.

I would strongly suspect that as it is the only major activity that is primarily income negative, people who engage in PVP most likely make up the majority of plex sellers, not buyers. The people making x ISK/HR every time they log in likely aren't also selling plex to supplement their income.
So... the same thing he just said?
Tetsuo Tsukaya
Perkone
Caldari State
#85 - 2014-03-12 03:03:52 UTC  |  Edited by: Tetsuo Tsukaya
Tyberius Franklin wrote:


Tetsuo Tsukaya wrote:
Malcanis wrote:
Sexy Cakes wrote:
ViolentDesire wrote:
It seems there is an effort to shift the purpose of plex to something other than actual game time (multi training queue, magazine sub(?), painted ships). This is some kind of indirect microtransaction thing going on here.

Why would I want to pay real money for this game? Is PvE good? No. Is PvP good? Yes, but generally hard to find. Low sec is dead outside of FW and null is pretty empty. There are annoying bugs that should be easy to fix but have been around for years. Industry is just painful.

Ultimately, every million that goes into plex is one less million that goes into PvP.


Couldn't agree more.


Those "millions" don't disappear. Indeed, most PLEX originate from time-poor, cash rich players who want to PVP, but lack the time to fund their habit through normal in-game means. I'd say that PLEX increase PvP.


"I would do way more PVP if only I didn't have to spend so much of my ISK I made trading/mining/running a research POS to plex my account" - said nobody ever.

I would strongly suspect that as it is the only major activity that is primarily income negative, people who engage in PVP most likely make up the majority of plex sellers, not buyers. The people making x ISK/HR every time they log in likely aren't also selling plex to supplement their income.



So... the same thing he just said?


Pull up a seat son, and let me explain to you how the basic flow of a conversation works...
Tyberius Franklin
Federal Navy Academy
Gallente Federation
#86 - 2014-03-12 03:20:13 UTC
Tetsuo Tsukaya wrote:
Pull up a seat son, and let me explain to you how the basic flow of a conversation works...
Your flow pointed the sarcastic remark in reply to the guy saying the same thing you did. Doesn't really seem like an effective flow. If it was meant to provide further supportive reasoning it didn't come over well, not as I read it.

But sure, explain away.
Baron Chauman
Aliastra
Gallente Federation
#87 - 2014-03-12 04:20:21 UTC  |  Edited by: Baron Chauman
Dinsdale Pirannha wrote:
Put it all together, and you have a real mess on your hands for the casual player that tries to grind enough ISK every month for a plex or 2.


You think casual players should be able to plex accounts easily? It doesn't work that way, since the amount of plex, or the number of people willing to pay real money for isk, is more limited then the number of people who want to play the game or have dozens of accounts without paying real money for it, or who buy plex as an investment.

Compare it to the housing market in the real world. On one side you have people who need a place to live, on the other people with too much money who need a safe place to invest it, and they drive up prices so that people can just barely afford to rent/buy a roof over their heads. Then the prices crash as people can't afford their rent/mortgage anymore and find somewhere cheaper to live. This is all fair and good and as it should be.

Or what are you, a socialist?
Vance Armistice
Republic Military School
Minmatar Republic
#88 - 2014-03-12 04:55:22 UTC
Dinsdale Pirannha wrote:
Prices are going to top 1 billion.
This idiotic skins program has not even started, it is only a pilot program, and we already have wild speculation on the plex market.

Now, this is only one of the factors that are driving prices to insane levels.
But it is now a systemic driver if CCP actually continues with "ISK for skins", and ramps up the program.

We also have the one-time spike of more narcissists spending plex to get their words of wisdom buried under a statue for a few decades.

And lastly, and the biggest one, is that cfc, pl, and their renters are now in total ISK grind more. They are creating more null sec ISK than ever seen before in the game, with 75% of sov null blue to one another. These people will not be needing to dump a plex on the market, but are instead drowning in ISK. What they can't spend on skins, or in other real life methods, they are using to plex all their accounts. When cfc and pl are not deployed, they don't have much else to do but to make ISK. That is driving plex demand through the roof, and at the same time driving down supply.

Put it all together, and you have a real mess on your hands for the casual player that tries to grind enough ISK every month for a plex or 2.



Casual players should pay the monthly subscription rate then. One would hope that their reason for causal play is that they have a successful life outside of this game and can give up a pizza or two worth of money per month to play.
Kyperion
#89 - 2014-03-12 04:56:41 UTC
Irony: that most of these people talking about the glories of the PLEX 'free market' probably voted for Obama or some other socialist in their respective homeland. EvilWhat?Cry
Antisocial Malkavian
Antisocial Malkavians
#90 - 2014-03-12 05:40:10 UTC
Knights Armament wrote:
Icarus Able wrote:
Its more expensive on weekends because more people are online?

Possibly, but someone is buying up most of the plex and relisting, driving prices up. I thought CCP flooded the market with plex to prevent this type of behavior? What is to stop large alliances from using their vast income to buy up all the plex?


GOONS BWA HA HAAAAA

And, isn't sanity really just a one-trick pony anyway? I mean all you get is one trick, rational thinking, but when you're good and crazy, oooh, oooh, oooh, the sky is the limit.

Baron Chauman
Aliastra
Gallente Federation
#91 - 2014-03-12 05:43:18 UTC
Kyperion wrote:
Irony: that most of these people talking about the glories of the PLEX 'free market' probably voted for Obama or some other socialist in their respective homeland. EvilWhat?Cry


Doubt it. Most of the people who like high plex prices are the ones with plenty of real cash, so they're much less likely to vote in that direction.
Luke Silver
#92 - 2014-03-12 07:31:01 UTC
Marsha Mallow wrote:
Salvos Rhoska wrote:
No cause for panic. Everything is as it should be.

Posting about plex spikes and ranting a bit is precisely the thing to do, with a variety of possible benefits

  • Traders with stockpiles spot the panic and start dumping. Plex is a reasonably popular long term investment for people taking a break so reporting it alerts the unsubbed - particularly if it hits a news site
  • People who might have been about to buy RMT ISK decide they get better value for money from CCP
  • People who occasionally buy Plex to buffer their funds decide now is when they'll get the most return
  • CCP spot the yelling and dump some confiscated Plex to try stabilise things
  • CCP rub their paws together and run a discount Plex offer to cash in
  • CCP adjust the amount of Aurum available for direct sale (currently 2500 Aur for £12.99 vs 3500 from a plex)
  • Somerblink finds a few trillion stashed and an inventive way to RMT it for ETC sales

All of those work to drive prices back down, and benefit the playerbase. So - everybody panic - it's for the best.

Re the whole plexing vs paying debate - it's really down to how you value your time and enjoy spending it. Pay with real money by all means, buy the odd plex and sell it to me. But please don't do the smug justification of how much you earn ph or pay for cinema tickets irl. If you only have one account in game you're probably playing very narrowly. $10 or £10 a month sounds reasonable until you consider many players have multiple accounts - at which point Eve is comparitively expensive.

Not everyone grinds NPCs until their fingers bleed for plex subs either - some of us genuinely enjoy the strategic side of large scale ISK making to the point our enjoyment hinges on it. Just the same as #mindless mission runner 7480 - making ISK for no reason at all other than a sense of achievement. At the extreme end of that are people who will unsub if they see inflation as curbing their enjoyment and returning players (on promo return offers) disgusted at inflation without time to find the new faucets. CCP clearly do monitor this or they would never have committed to intervening where required.


You are bang on MM.
Bagrat Skalski
Koinuun Kotei
#93 - 2014-03-12 07:48:13 UTC
I hope PLEX prices will rise to 1B ISK at the end of the year. Business is business.
Erin Crawford
#94 - 2014-03-12 07:52:27 UTC  |  Edited by: Erin Crawford
This...

Salvos Rhoska wrote:
I Love Boobies wrote:
Unfortunately... some of us have real life money tied up in real life things and are unable to pay with real life money for subscriptions. Some of us are responsible adults and don't depend on mommy and daddy's credit cards to pay for subscriptions.


I see.

Thats sad but well if you are unable to free up the necessary funds from something else, then I guess playing EVE, or any subscription MMO for that matter, is beyond your current assets.

Are you saying that you do not have the money to buy even one month of game time for one single account?

If so, then yes, you should probably focus on getting your IRL financial situation under control, and perhaps even improving it a little so that you can afford the arguably tiny amount it costs to subscribe an account for one month.


and this...

Tyburn Stannis wrote:
I Love Boobies wrote:

Unfortunately... some of us have real life money tied up in real life things and are unable to pay with real life money for subscriptions. Some of us are responsible adults and don't depend on mommy and daddy's credit cards to pay for subscriptions.

I

If, as a responsible adult, money is so tight that you can't afford a tenner a month for a leisure activity but you're so addicted you can't stop playing, not sure giving finance lectures and life advice is your forté...

o/


in answer to this:

I Love Boobies wrote:
Unfortunately... some of us have real life money tied up in real life things and are unable to pay with real life money for subscriptions. Some of us are responsible adults and don't depend on mommy and daddy's credit cards to pay for subscriptions.



OMG! Sort your real life out first, then start playing little pew pew computer games... really!!! Roll

"Those who talk don’t know. Those who know don’t talk. "

Tauranon
Weeesearch
CAStabouts
#95 - 2014-03-12 08:36:33 UTC  |  Edited by: Tauranon
Dinsdale Pirannha wrote:
Prices are going to top 1 billion.
This idiotic skins program has not even started, it is only a pilot program, and we already have wild speculation on the plex market.

Now, this is only one of the factors that are driving prices to insane levels.
But it is now a systemic driver if CCP actually continues with "ISK for skins", and ramps up the program.

We also have the one-time spike of more narcissists spending plex to get their words of wisdom buried under a statue for a few decades.

And lastly, and the biggest one, is that cfc, pl, and their renters are now in total ISK grind more. They are creating more null sec ISK than ever seen before in the game, with 75% of sov null blue to one another. These people will not be needing to dump a plex on the market, but are instead drowning in ISK. What they can't spend on skins, or in other real life methods, they are using to plex all their accounts. When cfc and pl are not deployed, they don't have much else to do but to make ISK. That is driving plex demand through the roof, and at the same time driving down supply.

Put it all together, and you have a real mess on your hands for the casual player that tries to grind enough ISK every month for a plex or 2.


Dinsdale. Assets can drown a game. Believe it or not, virtual currency will not drown a game.

The blue donut you are complaining about, just exploded several trillion isk worth of assets. PBLRDs manage to lose 250b of assets a month. Those incidents are all better for the game than masses of people grinding up assets to buy a plex.

I also am doubtful that renters contain a particularly large volume plex for account type players. Most of us are just a harder bitten more realistic version of a carebear (ie people that accept that spaceships need to get blown up iin a game about spaceships with guns), who want their isk balance to go up. I only know of a couple of mining fleets here that might fit the latter case. ie in 3000 characters, probably 75 are them in the mine->plex->mine cycle.

ultimately I don't mind paying my gewngeld, because gewngeld ultimately buys assets that get blown up in the process of blowing up other peoples assets.
Salvos Rhoska
#96 - 2014-03-12 10:25:14 UTC  |  Edited by: Salvos Rhoska
I dunno what the trillionaires are up to, but Id expect that investing a substantial % of surplus income into buying up PLEX is very wise and safe, after all your other needs are covered, especially now that it is reasonable to expect PLEX will become more in demand as a way to derive AUR as CCP expands the shop.

This because in other commodities you are competing with other players on ingame terms. But on PLEX, you are leveraging against CCPs set IRL price for PLEX/AUR/Gametime which are fixed costs and which are extremely unlikely to depreciate. In other words, CCP ensures that your PLEX will ALWAYS retain its value. Its like having God backing your investment. And the more of them you buy up, the more you raise demand, further appreciating your stock. Though soone enough you may end up paying 10mil more per PLEX you purchase, thats fine, you can afford it, because the 50 PLEX you have in stock are also now worth 10mil more per piece.

Its a bubble though, as at some point it becomes a real problem for people with tons of accounts to generate the ISK they need to maintain their account time. Im not sure where the theoretical tipping point for that is. Id imagine most people are prepared to deactivate 1-3 accounts in order to focus on their main activities with the remainder. Their love of the game will prompt them to adapt by simply focusing on what they enjoy with less toons.

But when you get this super rich, there is another kind of ingame asset that retains its value, increases in value directly related to investment, is emminently useful ingame and is directly tied to PLEX. That asset is Characters. The higher you can push up PLEX cost, the more people consolidate into their main toons and sell their expendables, the cheaper you can buy those up, PLEX them from your stock to make use of them and to increase their value with another months worth of SP. Because there is no way to purchase SP from CCP, characters are "PLEX converters". Every PLEX you invest in one is directly converted into a permanent increase in value and usefulness. There is yet another inverse advantage. Because as PLEX value rises, more people will start looking to the Character Bazaar to instead of PLEXing their own characters month after month to get them where they want them to be, they will instead be tempted to just flat out buy a toon who can do that now, today, rather than in 3-4 months (which you will have to PLEX, and wait (oh god, the waiting) for).

Thats what I would be doing if I was super rich. Buying PLEX and converting that into a stock of advanced useful/sellable Characters. Hell, CCP even ensures the Character Bazaar, so once again, as in PLEX value, your assets are backed by the Gods themselves. These are the real capital in EVE, and the fundamental means of production, in owning them you become a true capitalist in the traditional sense of the term.

Heh, might be fun to setup an Amarr toon with a specific long term plan to build such a capital base, and roleplay him as a Slaver who cultivates and sells his own stock of high quality, tailored clones which are much more saleable than some random guys mixed character..But my ambitions exceed my means. First I need a 75% nullsec donut!
Arsine Mayhem
Doomheim
#97 - 2014-03-12 10:59:30 UTC
Icarus Able wrote:
Im guessing its to do with the ship skins coming out soon. You can convert plex to aurum to pay for them which would drive up the price anyway so maybe someones just getting ahead on the action.


One useful answer out of so much stupid.
Bael Malefic
Doomheim
#98 - 2014-03-12 11:13:23 UTC
Perhaps a ridiculous question, but if all of you "leet" players and sov null gurus are "paying" for your subs through PvE generated ISK, is that not actually creating a non-sustainable revenue model for CCP?

The only people actually paying cash to play EVE then are those who pay subs (which is, reading this thread, apparently no one but me) and the very few that buy PLEX from time to time to inject the ISK necessary to subsidize their play style, whatever that may be. They are actually paying for you to play.

If I were in CCP's shoes, I might just remove PLEX from the game entirely and force everyone back to paying RL money for subscription/GTC's to play. Sure, some people will leave. But the revenue needed to keep in business might be more stable.

Or perhaps PLEX prices in game actually need to go through the roof, just to deter those who have been using in-game ISK to pay their way.
March rabbit
Aliastra
Gallente Federation
#99 - 2014-03-12 11:21:50 UTC
Bael Malefic wrote:
Perhaps a ridiculous question, but if all of you "leet" players and sov null gurus are "paying" for your subs through PvE generated ISK, is that not actually creating a non-sustainable revenue model for CCP?

The only people actually paying cash to play EVE then are those who pay subs (which is, reading this thread, apparently no one but me) and the very few that buy PLEX from time to time to inject the ISK necessary to subsidize their play style, whatever that may be. They are actually paying for you to play.

If I were in CCP's shoes, I might just remove PLEX from the game entirely and force everyone back to paying RL money for subscription/GTC's to play. Sure, some people will leave. But the revenue needed to keep in business might be more stable.

Or perhaps PLEX prices in game actually need to go through the roof, just to deter those who have been using in-game ISK to pay their way.

PLEX is 15USD/EUR
1 month is 9USD

So who pays more for game time?

The Mittani: "the inappropriate drunked joke"

Bael Malefic
Doomheim
#100 - 2014-03-12 11:26:53 UTC
March rabbit wrote:
Bael Malefic wrote:
Perhaps a ridiculous question, but if all of you "leet" players and sov null gurus are "paying" for your subs through PvE generated ISK, is that not actually creating a non-sustainable revenue model for CCP?

The only people actually paying cash to play EVE then are those who pay subs (which is, reading this thread, apparently no one but me) and the very few that buy PLEX from time to time to inject the ISK necessary to subsidize their play style, whatever that may be. They are actually paying for you to play.

If I were in CCP's shoes, I might just remove PLEX from the game entirely and force everyone back to paying RL money for subscription/GTC's to play. Sure, some people will leave. But the revenue needed to keep in business might be more stable.

Or perhaps PLEX prices in game actually need to go through the roof, just to deter those who have been using in-game ISK to pay their way.

PLEX is 15USD/EUR
1 month is 9USD

So who pays more for game time?


People who use in-game ISK to purchase in-game PLEX to pay for game time are paying *nothing.*

This leaves CCP reliant on people spending real-life money on PLEX to keep the revenue up. If CCP dump plex into the market, for any reason, that is not new revenue, it is revenue they already recognized. Which is a problem.

The relevant question (which I do not know the answer to) is whether the current model generates more or less RL revenue than making everyone pay subs. I suspect (but again, lack the data to prove) that making everyone pay for subs/GTC's would generate a more sustainable revenue stream. But I accept I may be wrong.